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This is broken. Fed buying junk and it’s still broken. Almost back to levels prior to the announcement.

April 24, 2020, 7:08 pm by Alex Mark
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https://twitter.com/Simple_Trends/status/1253446395215953921

https://twitter.com/RealTianZeng/status/1253726965070270467

https://twitter.com/tyler_bryant/status/1253531527574507520

https://twitter.com/NorthmanTrader/status/1253325114013151233

Longer term HYG risk proxy and S&P 500 are now back after massive Fed backed move. Interesting that HYG is trending down while Spooz are running higher. Careful peeps. pic.twitter.com/0fvIcnj335

— Gubb (@gubbmintcheese) April 24, 2020

https://twitter.com/jtepper2/status/1253564461308403712

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Dollar shortage warning. New lows for EM currencies with $BRL being decimated. Blood in the streets? Not even close.
If corporate America expects us to bail them out every time we have a crisis, then maybe we need to start charging corporations a higher tax rate as an insurance premium…
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